Investment observers asked Cox Automotive economist Tom Webb why wholesale prices aren’t softening, given how volume is on an upward track and likely to gain steam next year when even more off-lease units fill the lanes. Webb countered by sharing not only what’s going within showrooms, but also moves by used-car managers at both physical […] [Read More]

Are you prepared for potentially more Volkswagen diesel trade-ins on your lot? While, of course, there is no guarantee that VW TDI owners will try to trade out of their rides, it's a scenario worth being ready for, at least.  With recent events in mind — including Volkswagen Group of America’s president and chief executive officer Michael […] [Read More]

TransUnion made quite a claim about the new solution it rolled out on Thursday, a tool that can combine both time-series credit bureau data and alternative data sources. One of the leaders of TransUnion’s team that spent more than 10 months creating the tool insisted the CreditVision Link risk score can assess the likelihood of […] [Read More]

The National Automobile Dealers Association is again trying to leverage the Freedom of Information Act (FOIA) to obtain sensitive Consumer Financial Protection Bureau material that made its way to the media. This week, NADA asked the CFPB to release internal documents that the association says are acknowledging that the agency intended to regulate the auto […] [Read More]

This week as a part of the American Financial Services Association’s 99th annual meeting in Boston, the organization honored three members with its highest accolade, the Distinguished Service Award (DSA). Receiving the honors were Stevan Schmelzer, Jim Sheeran and Glen Twede. Schmelzer serves as the president and chief executive officer of Personal Finance Co. Schmelzer […] [Read More]

On Thursday afternoon, in the Philadelphia-area town of Mount Laurel, N.J.  — where ARI is headquartered — it was 73 degrees, according to The Weather Channel’s website, with temperatures expected to hit 80 on Friday before dipping down into the 60s and below over the weekend. None of that compares to what Bob Graham has […] [Read More]

F&I product company Sym-Tech announced a partnership that will add significant insurance services and “financial backing” to the company. Sym-Tech Dealer Services recently announced that AmTrust Financial Services Inc. — through its subsidiary AMT Warranty — has partnered with Sym-Tech through a minority investment in the company. “We are very pleased that AMT Warranty chose […] [Read More]

About four-and-a-half months ago, Cox Automotive announced a new position dedicated specifically to head up its Canadian operations, hiring former Kia executive Maria Soklis for the role. When Soklis was named president of Cox Automotive Canada on May 19, Joe George — senior vice president of Cox Automotive Strategy — said in a news release the […] [Read More]

For operators who still have questions about credit reporting of customer payments and more, Equifax, in collaboration with the National Independent Automobile Dealers Association and the National Alliance of Buy-Here, Pay-Here Dealers, is hosting a free webinar in support of the continued launch of the Equifax BHPH tradeline reporting program. The initiative allows dealers who […] [Read More]

Mazda Motor Corp. is calling for the stop sale and stop delivery for certain Mazda3 models. The company is launching a Safety and Emission Recall Campaign for certain 2015-2016 Mazda3 vehicles — built from May 21 through Aug. 23 of this year — impacting approximately 5,349 vehicles in Canada. And approximately 14,270 vehicles in the […] [Read More]